VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper
Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver…
Volkswagen stumbles in China as Germany’s auto giants struggle to compete in the EV race
Germany’s automotive industry is facing an increasingly difficult outlook. Volkswagen may close factories in Germany for the first time, and…
Samsung’s Sudden $122 Billion Wipeout Shows the Cost of Sleeping on AI
Just a few months ago, Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging…
Oil Rebounds From Two-Day Slump With Middle East Back in Focus
Oil rebounded with traders focused on Middle East tensions and tightening US crude stockpiles. West Texas Intermediate advanced 2.1% to…
MicroStrategy Posts Third Straight Loss on Bitcoin Impairment Charge
Bitcoin hedge-fund proxy MicroStrategy Inc. posted a third consecutive quarterly loss after taking an impairment charge against the value of…
Elon Musk wants people to submit their medical scans to Grok, his AI chatbot
Elon Musk is urging people to submit their medical scans to Grok for analysis, but doctors advise using caution when…
Ford’s Shares Tumble After High Costs Pressure Profit Outlook
Ford Motor Co.’s shares fell after the company warned that earnings this year will be at the low end of…
Gold Rises to Record High as Looming US Election Fans Demand
Gold rose to a record Wednesday on haven demand before the US election, and held a narrow gain after jobs…
Toyota worldwide output drops for 8th straight month in September
Toyota Motor said on Wednesday its worldwide production fell for an eighth straight month in September, as both sales and…
Chinese chipmaker’s new 7nm CPUs reportedly outperform Intel’s Raptor Lake — Loongson adopts “tock-tock-tick” strategy to close the gap with Intel
Chinese CPU manufacturer Loongson is purportedly closing the gap quickly to Western CPU manufacturers regarding raw performance. Fast Technology reports…